The economic calendar is an essential tool used by traders to track events happening in the financial world.
You can now monitor these events closely and use the information to aide your trading decisions.
Economic Calendar Indicators
Knowing what appears next on the economic calendar is only part of fully utilising it. The true art lies in knowing how to take advantage of the upcoming news and how the news can potentially affect your trades. Understanding the events and price actions by following indicators like NFP (Non-Farm Payroll), allows you to anticipate market volatility and gain potential trading opportunities.
A monthly release formed from the survey results of over 5,000 households. It measures average consumer confidence and spending power (for instance, a drastic decrease in consumer confidence can indicate a weakening economy).
A statistical estimate that measures changes in the price of services and consumer goods. CPI is used as a measure of inflation, as it reports price changes in over 200 categories.
A quarterly economic series that indicates the rising and falling tendencies in employment costs. It measures inflation in salaries, wages and employer-paid benefits in the US.
It indicates the economic growth of a country, and it is determined by product output, income and expenditure. GDB is often correlated with the living standard. It is the market value of all services and goods produced in a country during a certain time period.
Released by the US Federal Reserve every month and it measures economic activity, showing data for the previous month about the total amount of US industrial production. The IPCU encourages buying or selling in certain industries.
A monthly report released by the US Department of Labor that provides statistical data about the current state of the US labor market. It is also used to forecast future levels of economic activity.
A frequently used economic indicator that measures the average changes in selling prices received by domestic producers in manufacturing, mining, electric utility, and agriculture.
It indicates economic activity and shows the percentage of company/business employees in charge of goods and service acquisition (i.e. purchasing managers) in a particular economic sector. PMI over 50 usually indicates an expanding economy, while anything below 50 indicates economic contraction.
A monthly report that measures consumer expenditure (an essential indicator of GDP in the US). As a timely indicator of broad consumer spending patterns, it can be used to assess the immediate direction of an economy.
The percentage of unemployed people, measured by the ratio of individuals who are out of work and who are willing and able to work as opposed to the total number of individuals in the work force.
It is lagging indicator as it changes along with economy, and it shows future interest rates and monetary policies.
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